CHARITABLE PLANNING
We love working with generous clients to develop tax-efficient strategies that amplify impact while enhancing financial well-being. With tools like Donor Advised Funds, clumping giving, and gifting stock, we help your charitable contributions yield substantial tax savings. These strategies regularly save our clients thousands and sometimes tens of thousands of dollars each year when compared to their regular giving strategy.
How can we maximize the impact of your gift? We use the tools below to increase your impact on the causes you care about by decreasing the amount that goes to Uncle Sam and increasing the amount that goes to the charity.
DONOR ADVISED FUNDS
This is often a cost-effective alternative to a family foundation. You will set up the name of your fund, such as “The Smith Family Foundation,” donate appreciated assets to avoid capital gains taxes, and invest the dollars to give over time.
STOCK GIFTING
This is a great solution for someone who owns stocks, ETFs, or mutual funds with over a 50% capital gain. By gifting the stock, you avoid capital gains taxes that could be close to 30%.
GIFTING ALTERNATIVE APPRECIATED ASSETS
Sometimes, giving away shares in a company, farmland, or a car can be the best solution for your needs. We can also help with this.
GIFT CLUMPING
A more strategic tax strategy can be combined with the above options to further your impact on the causes you care about.
GIFT SHARING
A strategy that can be implemented to deduct gifts that would normally not be deductible because they are under the standard deduction threshold.
TIMING WITH HIGH INCOME EVENTS
If income is high now and low in the future, such as with the sale of a company, there is a lot to consider when it comes to giving. Giving away a large sum this year may make more sense to partially cover the giving for the rest of your life.
QUALIFIED CHARITABLE DISTRIBUTION (QCD)
QCDs can be a tax-efficient way to donate money directly from your IRA. Like everything else on this list, I recommend talking with a financial advisor before pursuing one of these strategies.
